RATE Group | London’s Metropolitan Police Seize $667,000 Worth of Bitcoin – The Merkle
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London’s Metropolitan Police Seize $667,000 Worth of Bitcoin – The Merkle

27 May London’s Metropolitan Police Seize $667,000 Worth of Bitcoin – The Merkle

Posted at 20:08h in Bitcoin News by

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Hackers and other online criminals will continue to pay close attention to Bitcoin and other cryptocurrencies. In London, police officials arrested one particular hacker and seized $667,000 worth of Bitcoin in the process. It remains unclear what will happen to the confiscated Bitcoins, although it seems likely they will be auctioned off.

Another Bitcoin-related Arrest

It is evident criminals are drawn to Bitcoin and other cryptocurrencies for many reasons. One of the main reasons for this is that many people perceive Bitcoin and similar currencies as being anonymous. In reality, however, Bitcoin itself lacks privacy and anonymity features, whereas a few other currencies – such as Dash, Monero, and Zcash – take a completely different approach.

Even so, criminals will try many different tactics to get their hands on cryptocurrency in one way or another. A hacker known as Grant West has successfully attacked dozens of companies around the globe using phishing…

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